SCHD vs TMAT
Schwab US Dividend Equity ETF vs Main Thematic Innovation ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | SCHD | TMAT | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.85% | |
| AUM | $103.7B | $233M | |
| Dividend Yield | 3.31% | 0.02% | |
| Holdings | 104 | 98 | |
| YTD Return | +24.26% | +17.25% | |
| 1Y Return | +31.38% | +19.48% | |
| 3Y Return (annualized) | +15.08% | +25.52% | |
| 5Y Return (annualized) | +9.72% | +4.88% | |
| Volatility (annualized) | 13.6% | 28.1% | |
| Max Drawdown | -33.4% | -58.5% | |
| Fund Family | Charles Schwab Asset Management | Main Management ETF Advisors, LLC | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Jan 28, 2021 |
SCHD vs TMAT Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Main Thematic Innovation ETF (TMAT) is a ETF from Main Management ETF Advisors, LLC. Over the past year SCHD returned +31.38% while TMAT returned +19.48%. Year to date, SCHD is up 24.26% versus a gain of 17.25% for TMAT.
Over three years, SCHD compounded at +15.08% per year against +25.52% for TMAT; over five years the annualized figures are +9.72% and +4.88% respectively. Across the full 6-year window we track, SCHD has the edge at +11.39% annualized vs +3.44%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TMAT has been the more volatile fund, with annualized monthly volatility of 28.1% compared with 13.6% for SCHD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -33.4% for SCHD and -58.5% for TMAT. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.37. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while TMAT charges 0.85%. On a $10,000 position that is $6 vs $85 annually, a gap of $79 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 0.02% for TMAT.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, SCHD or TMAT?
SCHD has an expense ratio of 0.06% while TMAT charges 0.85%. SCHD is the cheaper option. On a $10,000 investment, that is $79 per year of difference.
Which performed better, SCHD or TMAT?
Over the past year SCHD returned +31.38% vs +19.48% for TMAT, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), SCHD annualized +11.39% vs +3.44% for TMAT. Past performance does not guarantee future results.
Which is riskier, SCHD or TMAT?
TMAT has been the more volatile fund at 28.1% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs TMAT -58.5%.
Should I hold both SCHD and TMAT?
SCHD and TMAT have a monthly-return correlation of 0.37, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and TMAT?
SCHD and TMAT share 2 common holdings with a 1.0% weight overlap. Combined, they hold 195 unique securities.
Which pays a higher dividend, SCHD or TMAT?
SCHD yields 3.31% while TMAT yields 0.02%, so SCHD currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.